Microsoft Beats Analysts' Expectations on Strong Cloud and AI
Microsoft turned in a solid quarter, beating analysts’ estimates on strong AI and cloud computing performance.
The company reported revenue of $52.9 billion, an increase of 7% over the year-ago quarter. Operating income came in at $22.4 billion, an increase of 10%, and net income was $18.3 billion, an increase of 9%.
CEO Satya Nadella credited the company’s AI and cloud endeavors for boosting the quarter.
“The world’s most advanced AI models are coming together with the world’s most universal user interface – natural language – to create a new era of computing,” said Nadella. “Across the Microsoft Cloud, we are the platform of choice to help customers get the most value out of their digital spend and innovate for this next generation of AI.”
The company’s Intelligent Cloud revenue came in at $22.1 billion, representing a 16% increase, while server products and cloud services revenue were up 17%. Azure was the big highlight, with it and other cloud services revenue up 27%.
LinkedIn was another bright spot for the company, with revenue increasing by 8%.
“Focused execution by our sales teams and partners in this dynamic environment resulted in Microsoft Cloud revenue of $28.5 billion, up 22% (up 25% in constant currency) year-over-year,” said Amy Hood, executive vice president and chief financial officer of Microsoft.
-
Google Loses Antitrust AppealReport Suggests Google Bought Links For Chrome Again [Updated]Google Sends Search Traffic To AMP PagesGoogle Rolls Out Campaign Drafts and Experiments in AdWordsYouTube Bigger Than EverTwitter Improves Embedded Timeline For WebsitesYahoo Infographic Gives A Bunch of Native Advertising StatsAmerican Airlines Pilots "Tired Of Apologizing To Our Customers"Yelp Puts 'Extortion Conspiracy Theory' Back Into SpotlightFacebook Adds Live Video To Pages Manager
Next article:Study: Nobody Cares About Facebook "Reactions"
- ·Google Core Update Winners And Losers Analyzed
- ·Google AMP Results Get Launch Date (And New Help Resource)
- ·Bing Mobile Apps Get Some Updates
- ·Microsoft Adds New Tracking Parameters for URLs in Bing Ads
- ·Google Buys FameBit, Sees Branded Content as Essential to YouTube
- ·Will This Get You Using Facebook's New Publishing Option?
- ·Facebook Launches Canvas Full
- ·Google Penguin Update May Not Even Happen This Quarter
- ·Facebook Gives Pages More Data On Their Call
- ·Reported Twitter Feature That People Don't Have To Use Freaks Said People Out
- ·Facebook Updates Atlas Platform With Video Capabilities and More
- ·Microsoft Unveils The Bing Network
- ·Trump: I've Proved That Social Media Has More Power Than TV Ads
- ·Pinterest Announces Rich Pin Updates
- ·Isabella Cruise Hides Wedding Ring in First Public Appearance Since Marrying Max Parker
- ·Google Posts to Give Public Figures, Organizations A Podium in Search Results